Jaiprakash Power Ventures is currently trading at Rs. 7.00, up by 0.26 points or 3.86% from its previous closing of Rs. 6.74 on the BSE.
The scrip opened at Rs. 6.62 and has touched a high and low of Rs. 7.11 and Rs. 6.57 respectively. So far 443927 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 15.85 on 05-Nov-2014 and a 52 week low of Rs. 5.23 on 25-Aug-2015.
Last one week high and low of the scrip stood at Rs. 7.11 and Rs. 6.01 respectively. The current market cap of the company is Rs. 2006.66 crore.
The promoters holding in the company stood at 63.60% while Institutions and Non-Institutions held 10.60% and 25.79% respectively.
Jaiprakash Power Ventures has received its shareholders’ approval for Rs 1,000 crore investment in its subsidiary PPGCL for setting up a 1,980 Mw thermal power plant.
The company has also received shareholders’ nod to sell entire stake held in Himachal Baspa Power Company (HBPCL) for about Rs 9,700 crore as per an agreement on November 15, 2014 with JSW Energy.
Jaiprakash Power Ventures is part of India’s leading Infrastructure conglomerate - Jaypee Group. Currently the company operates the largest hydroelectric power plant in the private sector in India. Its power projects which are in different stages of implementation include Hydro, Thermal and Transmission.
